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Fly News Breaks for March 3, 2016
MMLP
Mar 3, 2016 | 07:24 EDT
Stephens analyst Matt Schmid upgraded Martin Midstream Partners to Overweight from Equal Weight, noting that its Debt/EBITDA ratio is at its best level in several years and he expect its balance sheet to remain stable. While Schmid does not expect near-term distribution growth, he views the current 20.4% distribution rate as providing a compelling risk/reward. The analyst set a $25 price target on Martin Midstream Partners.
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